Close positions or reduce losses by target - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources

3 inputs are required, as follows:

 External double inTargetProfitMoney = 10 ; //Target profit ($)
External double inCutLossMoney = 0.0 ; //Stop loss ($)
External integer inMagicNumber = 0 ; //magic number

When this EA is executed, it will first call the OnInit () function. where we will validate input and variable initialization

 Integer initialization ()
  { //--- if (inTargetProfitMoney <= 0 )
    {
alert ( "invalid input" );
return ( INIT_PARAMETERS_INCORRECT );
    }

  Loss reduction funds = mathematical antibody (based on loss reduction amount) * - 1 ; //--- return ( initialization successful );
  }

And the OnTick() function will be called every time the price changes (tick)

 Blank check ()
  { //--- Double t float = 0.0 ;
Integer t order = total number of orders ();
order ( integer i=t order - 1 ; i >= 0 ; i -)
     {
if ( order select (i, select by POS, MODE_TRADES))
        {
if (OrderMagicNumber() == inMagicNumber)
          {
            tFloating += OrderProfit()+OrderCommission() + OrderSwap();
          }
        }
    }

if (tFloating >= inTargetProfitMoney || (tFloating <= inCutLossMoney && inCutLossMoney < 0 ))
    {
      fCloseAllOrders();
    }

  }

In the OnTick function, the total profit or loss will continue to be calculated. All orders that can fulfill the target or maximum loss limit will then be closed

 Blank f closes all orders()
  {
Double closing price = 0.0 ;
Integer t order = total number of orders ();
order ( integer i=t order - 1 ; i >= 0 ; i -)
     {
if ( order select (i, select by POS, MODE_TRADES))
        {
if (OrderMagicNumber() == inMagicNumber && (OrderType() == OP_BUY || OrderType() == OP_SELL))
          {
            PriceClose = (OrderType()==OP_BUY)?MarketInfo(OrderSymbol(), MODE_BID):MarketInfo(OrderSymbol(), MODE_ASK);
if (!OrderClose(OrderTicket(), OrderLots(), priceClose, slippage, gold ))
              {
print ( "Warning: Close failed" );
              }
          }
        }
    }
  }

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Attachment download

📎 closeorders.mq4 (3.47 KB)

Source: MQL5 #34194